Question 1 a. The trial balance of ABC Corporation shows a balance in payroll of $280,000. The last pay was December 23, 2022 and all employees were paid up to the end of day December 16th on this date. Employees are not paid for weekends but work 5 days a week-Monday through Friday. There are 5 plant employees who work 8 hours per day and are paid $30 per hour. No journal entry has been made to accrue any wages for these employees at the December 31 reporting date. No employees worked on December 25th or December 26th. Prepare the adjusting entry. Account Salary expenses Salary payable debit credit 13200 13200 b. The trial balance of ABC Corporation shows a balance in Prepaid Insurance of $3,600 at Dec 31. The Insurance was purchased on April 30th and covers until April 30th next year. Prepare the adjusting entry.